“If the energy surplus ratio continues to decline as it has been, the economy as we know...

|By:, SA News Editor

“If the energy surplus ratio continues to decline as it has been, the economy as we know it is finished,” writes Tim Morgan of Tullett Perbon in the most pessimistic piece of economic research you're likely to read this year. “In 1990 it took one unit of energy to extract 40. Today the ratio is barely 17:1 and it is set to pass the critical 10:1 point in the coming decade."